US EditionFt: Axa in Talks to Buy Stake in Telefónica's Fiber Optic Venture
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5 Articles
A French company is in negotiations to buy a stake of around 30% in FiberPass, which is projected to be worth around 1.5 billion euros and will serve more than 3.5 million homes.
Five days FiberPass started its operations in March 2025 and has pending the incorporation of an external investor that will take a percentage of the capital that is now in the hands of Telefónica (63%) and Vodafone (37%). The choice of that partner “is in a very advanced phase” and is expected to close in the last quarter of the year, according to Zegona, owner of Vodafone Spain, to the London Stock Exchange last August 4 when he announced the …
Axa Investment Management is negotiating the possible acquisition of a significant stake in Fiberpass, the joint venture of fiber optics owned by Telefónica and Vodafone España, according to the British daily Financial Times. Read more: Vodafone grows again a decade later: Zegona’s plan before the possible sale to Telefónica gives results The investor group seeks to buy a 30% stake in the joint venture at a valuation yet to be defined. In any ca…
The French insurance company AXA appears as the foreseeable winner of the process to enter the capital of Fiberpass, the fiber optic wholesaler created by Telefónica and Vodafone España. Read
The objective is to give entry to an investor for 40% of the same, with the idea that Telefónica maintains control position and Vodafone holds the remaining 10%
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